MCL prepares Rs 60,000 Crores Investment Plan in Odisha
One of the eight subsidiaries of Coal India Limited, Sambalpur headquartered Mahanadi Coalfields Limited (MCL) on 20th June 2020 has informed that the company has prepared a Rs 60,000 crore investment plan for the state of Odisha. At present, about 30 coal mines are operated by MCL in Odisha. In the next few years, the company had set a target to enhance coal production to 300 million tonnes per annum for which it will develop and operate three new MDO (mine, develop and operate) projects in the state.
About the New Investment Plans
- For the development of Mines and Social Infrastructure in the state( such as roads, flyovers, schools), MCL has planned to invest Rs 31,000 crore under its command areas in 4 districts of the state by 2013-24.
- Out of 3 new MDO projects, one will be at Ib Valley Coalfield of Jharsuguda district. The other 2 projects will be at Talcher coalfield of Angul district.
- At Sundergarh district, a supercritical power plant of 2X800 MW planned by the company at an estimated cost of Rs 11,363 crore.
- MCL to set up solar power plants for improving the quality of life in areas affected by dust suppression due to coal mining in districts such as Sundergarh, Angul, etc, and will also strengthen coal evacuation infrastructure in its command areas. The company is also committed to introducing the latest technologies for developing greenery and adopting best practices for afforestation and agriculture.
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Month: Current Affairs - June, 2020